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<p>[QUOTE="GDJMSP, post: 1036872, member: 112"]I'd say it differently but that aspect certainly has a bearing on the outcome more times than not - and not just with toned coins.</p><p><br /></p><p>The real problem is something that I have said more times than I can count - coins do not have set values. Coins have value ranges. People are always trying to say that any coin is worth what it sells for. Well it isn't. And there are many reasons it isn't. Mike's scenario is but one example of why it isn't. Another is that the buyer sometimes has no idea of what he is buying or even an approximate value - he is just determined to win the item at any cost. Yet another is that the buyer is operating on bad information so he often overpays. The list goes on.</p><p><br /></p><p>The upshot of the deal is this - a coin is worth what it will consistently sell for to an educated buyer - not what it sells for on one occassion. And even then there is going to be a value range - not a set value. One you get that into your head and figure out how to determine what that range is it becomes much easier to buy coins and not overpay for them.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1036872, member: 112"]I'd say it differently but that aspect certainly has a bearing on the outcome more times than not - and not just with toned coins. The real problem is something that I have said more times than I can count - coins do not have set values. Coins have value ranges. People are always trying to say that any coin is worth what it sells for. Well it isn't. And there are many reasons it isn't. Mike's scenario is but one example of why it isn't. Another is that the buyer sometimes has no idea of what he is buying or even an approximate value - he is just determined to win the item at any cost. Yet another is that the buyer is operating on bad information so he often overpays. The list goes on. The upshot of the deal is this - a coin is worth what it will consistently sell for to an educated buyer - not what it sells for on one occassion. And even then there is going to be a value range - not a set value. One you get that into your head and figure out how to determine what that range is it becomes much easier to buy coins and not overpay for them.[/QUOTE]
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